Most Important News for 2023-02-02

AUD/USD
EOD Return: -0.02%
AUD/USD stumbles below 0.7100 after Aussie’s PMI, solid US jobs data
"Strong US labor market data outweighed Australia’s PMI gains, driving the AUD/USD lower and explaining the significant negative return."
EUR/CHF
EOD Return: 0.00%
EUR enjoys advantage to USD, CHF and GBP – TDS
"The analyst forecasted a strong upside for EUR/CHF, targeting 1.06 and suggesting further gains toward 1.10, directly supporting the positive EOD return."
EUR/GBP
EOD Return: 0.00%
BoE: A final 25bp hike in store for March – Danske Bank
"The BoE’s 50‑bp rate hike announcement directly impacted GBP strength, driving a sharp intraday rally in EUR/GBP and explaining the 0.31% EOD gain."
EUR/JPY
EOD Return: 0.01%
EUR/JPY bears step in on a lack of ammunition for the bulls from the ECB
"The ECB’s 50‑basis‑point rate hike directly strengthened the euro against the yen, driving the EUR/JPY pair up on that day."
EUR/USD
EOD Return: -0.01%
Breaking: ECB hikes key rates by 50 basis points as expected. With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 3%, 3.25% and 2.5%, respectively.
"The ECB’s 50‑basis‑point rate hike on February 2 directly weakened the euro against the dollar, driving the EUR/USD pair down by about 1.07%."
GBP/USD
EOD Return: -0.01%
Breaking: BOE hikes policy rate by 50 bps to 4% as expected
"The BoE’s 50‑basis‑point rate hike to 4% directly weakened the pound against the dollar, driving the sharp decline in GBP/USD on that day."
NZD/USD
EOD Return: -0.02%
NZD/USD bears are hunting down 0.6450 into the NA close
"The article highlights a firm U.S. dollar driven by a dovish Federal Reserve stance and upcoming NFP data, directly explaining the NZD/USD decline."
USD/BRL
EOD Return: 0.02%
USD/BRL: A serious test of the 5 mark is by no means out of the question – Commerzbank
"The article discusses the Brazilian Central Bank’s stance on interest rates and inflation expectations, directly influencing the USD/BRL pair’s movement toward the 5 level."
USD/CAD
EOD Return: 0.01%
USD/CAD pares Wednesday’s losses and climbed back above 1.3300 on a buoyant US Dollar
"The article highlights the US Federal Reserve’s rate hike, which directly supports a stronger USD against the CAD, explaining the positive EOD return."
USD/CHF
EOD Return: 0.01%
USD/CHF Price Analysis: Bounces at 18-month lows, reclaims the 0.9100 figure
"The article directly links the USD/CHF rally to the Fed’s rate hike, explaining why the dollar strengthened and pushed the pair up by 1.41%."
USD/CNY
EOD Return: 0.01%
USD/CNY fix: 6.7130 vs. the estimate of 6.7142
"The People’s Bank of China set the yuan at 6.7130 versus the expected 6.7142, a slight strengthening that directly supports the USD/CNY appreciation."
USD/INR
EOD Return: 0.00%
USD/INR Price News: Rebounds from below 81.70 as USD Index finds cushion around 100.50
"The article cites a potential Fed rate‑hike pause and India’s fiscal deficit trimming, both key drivers for the INR strengthening against the USD."
USD/JPY
EOD Return: 0.02%
Forex Today: Unimpressive BoE and ECB boost the US Dollar
"The article cites the Federal Reserve’s recent rate hike and supportive ECB/BoE policy, directly strengthening the US dollar against the yen and explaining the sharp 1.96% gain."